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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: LemonHead who wrote (7626)	6/8/1999 11:36:00 AM
From: OldAIMGuy	Read Replies (1) of 18928

Hi Keith, I'm sure that what Mr. Phelps is getting at has to do with a stock like my VTSS. I bought it at a split adjusted price of $1.54/share back in 1993. It crested $60 just the other day. I just don't think I'd have been along for all of that ride with any market "timing" method. AIM allowed me to stay with this investment much longer than I would have with any method short of Buy And Hold. Yes, Mr. Phelps is right, I'd have made more $$$ if I'd stayed 100% invested the whole time. However the reality of it is that I wouldn't have stayed around. Many on the VTSS board have attempted to "time" VTSS and have missed major moves along the way. AIM has allowed VTSS to go from one of my smaller investments to my single most valuable individual stock holding. At EVERY moment since I first bought it, it has been priced at a SIGNIFICANT PREMIUM to essentially all other chip manufacturers. So, it's never been a "bargain" yet it's been maybe my single best performer. In this case, the "missed opportunity" would have been far worse than not buying along the way at what looked like a fat premium. Best regards, Tom

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